An affiliate of real estate giant The Moinian Group, based in New York City, has raised $175 million by issuing bonds maturing December 2024 at 3.05%. That’s the lowest coupon ever paid by a U.S. based firm on the Tel Aviv Stock Exchange.

This effectively works out to a six-year loan at a very low interest rate for Moinian Group, which has a lot of flexibility with how it uses the money in regards to acquisitions and financings of real estate.

Moinian has a portfolio of nearly 10 million square feet of properties in New York City, Los Angeles, Dallas, and other major markets.

This is the second Israeli bond raise from Moinian Limited since 2015 when it first went public, with an aggregate amount of approximately $550 million.